LX Pantos, a subsidiary of South Korea’s LX Group, has launched its first railway terminal in Hungary, strategically positioning itself in the heart of Europe’s electric vehicle (EV) and battery logistics sector. The LX Pantos Tata Terminal, situated 65 kilometers southwest of Budapest, was officially opened on April 19, marking a significant expansion of the company’s operations in Europe.
The new facility spans 36,000 square meters and features two railway tracks capable of storing up to 1,450 twenty-foot equivalent units (TEUs) of cargo. It offers block train services, which are direct, non-stop shipments from origin to destination, up to three times per day. This efficient transport capability is designed to meet the increasing demands of the EV and battery industries across Europe.
Hungary is currently the world’s fourth-largest battery manufacturer, holding approximately 3% of the global market share. The country’s strategic location and growing production capabilities make it an ideal hub for companies like LX Pantos, especially as major global players such as CATL expand their manufacturing within the region.
By securing a 10-year operation rights agreement with the Austrian Federal Railways, with an option for a 10-year extension, LX Pantos is not only cementing its presence but also laying the groundwork for future expansion. Plans are underway to facilitate cargo movements from battery production sites to the Port of Koper in Slovenia, further integrating into the extensive maritime logistics network of Eastern Europe.
Furthermore, LX Pantos aims to leverage its Hungarian terminal to enhance connectivity between major European cities and the Trans China Railway. This rail link extends from eastern China through central Asia and Russia to Rotterdam, forming a crucial part of the global logistics chain and supporting the company’s long-term growth strategy in the European market.
